Char Technologies acquires Altech Group, develops biocoal

Char Technologies recently acquired the Altech Group, which is comprised of Altech Environmental Consulting Ltd. and Altech Technologies Systems Inc. According to Char, the new joint enterprise plans to commercialize a biocoal fuel branded as CleanFyre.

A statement released by Char indicates CleanFyre will allow large industrial customers to reduce greenhouse gas (GHG) emissions without significant capital expenditures.

"CleanFyre will leverage both Altech's experience and expertise, and CHAR's platform pyrolysis technology, the same technology used to create SulfaCHAR, to create a solution with strong market pull and significant growth opportunity,” said Andrew White, CEO of Char.